HONG KONG, Nov. 11, 2015 /PRNewswire/ -- Nord Anglia Education, Inc. (NYSE: NORD), the world's leading premium schools organization, today announced that it has signed a long term lease for a new school in Bangkok. The school will be a second campus for St Andrew's International School Bangkok and is expected to open in September 2017 with a capacity of approximately 1,500 seats.
Situated in a prime location in central Bangkok, Nord Anglia Education will invest $16.3 million over 3 years to renovate the pre-existing school campus and convert it into a contemporary and world-class learning environment. Students will benefit from impressive academic facilities and the development of a new outdoor sports complex to support the delivery of an outstanding international education. The new campus will cater to secondary students, while St Andrew's current campus will cater to primary students.
"We are delighted to have secured this unique campus in the heart of Bangkok. We are extremely proud of the success of our existing school in Bangkok, St Andrew's International School, and see this investment as a key enabler of the next phase of Nord Anglia Education's growth in Bangkok's vibrant and expanding international school market." Andrew Fitzmaurice, CEO of Nord Anglia Education, commented.
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By their nature, forward-looking statements relate to events that involve risks and uncertainties or that depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to, those under "Risk Factors" in our most recent annual report on Form 20-F with the SEC.
Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments.
About Nord Anglia Education, Inc.
Nord Anglia Education (NYSE: NORD) is the world's leading premium schools organisation. Our 42 international schools are located in China, Europe, the Middle East, Southeast Asia and North America. Together, they educate more than 34,000 students from kindergarten through to the end of secondary education. We are driven by one unifying philosophy – we are ambitious of our students, our people and our family of schools. Our schools deliver a high quality education through a personalized approach enhanced with unique global opportunities to enable every student to succeed. We primarily operate in geographic markets with high foreign direct investment, large expatriate populations and rising disposable income. We believe that these factors contribute to high demand for premium schools and strong growth in our business. Nord Anglia Education is headquartered in Hong Kong SAR, China. Our website is www.nordangliaeducation.com.
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